Bankless cover image

Arthur Hayes Says, “Get your Bitcoin, and Get Out!”

Bankless

NOTE

Differentiating Inside Money and Outside Money in Finance

Inside money refers to assets that exist within the financial ecosystem such as US dollars, euros, stocks and bonds, while outside money includes assets like gold, real estate, and Bitcoin which are not liabilities on someone else's balance sheet./nOutside money can still be used independently of the fiat financial system and its actors, making it more resilient to market fluctuations./nBitcoin is an example of outside money, and its blockchain can still be utilized even if traditional financial institutions fail.

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